Intrinsyc Software Named One of North
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2000 Deloitte & Touche www.fast500.com THE FAST 500 CRITERIA The Fast 500 is compiled from three sources: Deloitte & Touche's 22 regional U.S. and Canadian Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To be considered for the Deloitte & Touche Technology Fast 500, a company must meet these four basic criteria: 1. Be a technology company, defined as a company that develops propri- etary technology that contributes to a significant portion of the com- pany’s operating revenues, manufac- tures a technology-related product, or devotes a high percentage of effort to research and development of technology. 500 Who Have Arrived They boldly innovate technologies and business strategies. Their 2. Meet minimum operating revenue advancements drive entire industries to the next level. They’re the requirements: Deloitte & Touche Technology Fast 500. • 1995 operating revenues must be at least $50,000 for U.S. The Deloitte & Touche Technology Fast 500 serves as a competitive companies and $75,000 CD for benchmark for the industry’s leaders by celebrating the fastest-grow- Canadian companies ing technology companies in the U.S. and Canada. • 1999 operating revenues must be at least $1 million for This year’s Fast 500 averaged a five-year percentage both U.S. and Canadian revenue growth rate of 3,956%. The top five Fast 500 companies companies grew by more than 59,000%. 3. Be in business a minimum Canada 9% The big news for 2000 is that the Internet has come of five years. of age as far as the Fast 500 is concerned. The Internet sector, which barely existed five years ago, 4. Be headquartered in now comprises 17% the U.S. or Canada. of the Fast 500 Fast 500 Companies by Region field, up from just 9% in 1999. West Internet companies 27% Northeast Midwest 25% may dominate the 14% Fast 500 in the com- ing years, but in 2000, as in years past, the software sector Southwest Southeast filled the largest share 4% 21% of Fast 500 slots, making up 46% of the list. 2 www.fast500.com Fast 500 Companies by Industry Segment COMPANIES TO WATCH Software 46% Staying Power Internet 17% • • Five companies have weathered shifting market trends and economic fluctuations to master a remarkable stay- ing power. We salute these companies for being Fast 500 Communications 9% • winners every year since the program’s inception in • • 1995: • Biotechnology 9% • • Other 3% America Online – Dulles, VA Medical, Scientific, Technical Manufacturing 9% iBaset – Lake Forest, CA Computers, Peripherals 5% Intermedia Communications – Tampa, FL Semiconductors, Components, Electronics 2% MRV Communications – Chatsworth, CA VERITAS Software Corporation – Mountain View, CA Fast Approaching the Fast 500: The Rising Stars In technology, the pace of change gets faster every year. That’s why we’ve added a category to recognize technology companies that are quickly making a name for themselves. They have met the same criteria as the Fast 500, except they have been in business a mini- Taking the top honors in the 2000 Fast 500 rankings is Primus mum of three years but, less than five years. We Telecommunications Group, a nimble company that parlayed its expect to see these Rising Stars on the Fast 500 very international telecommunications network into an Internet gold soon. mine. Primus’ revenues leaped from $1 million in 1995 to over $800 million in 1999, for an impressive 71,257% growth spurt. 1. CopperMountain 6. iBasis, Inc. Networks, Inc. Burlington, MA Palo Alto, CA 3-Yr Growth: 15,189% Fast 500 ‘Firsts’ 3-Yr Growth: 53,323% CEO: Ofer Gneezy The Internet Makes a Splash. The hotly competitive Internet sector, CEO: Rick Gilbert made up of companies with unique technology or software developed 2. ITXC Corp. specifically for use with the Internet, made its best showing yet on 7. Alteon WebSystems, Inc. Princeton, NJ San Jose, CA the Fast 500. The number of Internet companies on the Fast 500 near- 3-Yr Growth: 43,099% 3-Yr Growth: 14,649% ly doubled from last year. The Internet’s influence is obvious in the CEO: Tom Evslin CEO: Dominic Orr growth of other companies as well, including most of the top five Fast 500 companies. 3. Extreme Networks, Inc. 8. F5 Networks Inc. Cupertino, CA Seattle, WA The West Cedes the Top Spots. Proving that the pioneers of the New 3-Yr Growth: 38,191% 3-Yr Growth: 12,051% Economy are no longer confined to the West, the top five companies CEO: Gordon Stitt CEO: Jeffrey S. Hussey hail from Virginia, Kansas, New York and Atlanta. It’s the first time in the Fast 500’s six-year history that none of the top five (and only 4. LifeMinders, Inc. 9. coolsavings.com inc. three of the top 10) are in the West. That doesn’t mean the West is Herndon, VA Chicago, IL out of the running. In fact, 27% of the winners—the largest share— 3-Yr Growth: 20,785% 3-Yr Growth: 11,642% are in the West. Coming in a close second is the Northeast with 25%. CEO: Stephen R. Chapin, Jr. CEO: Steven Golden The two regions’ positions were reversed last year. 5. Universal Access, Inc. 10. Tellium, Inc. Canada Stakes a Claim. Canada’s technology community has a long Chicago, IL Oceanport, NJ history of innovation. It’s not surprising, then, that the Canadians 3-Yr Growth: 18,418% 3-Yr Growth: 9,481% made the most of their Fast 500 debut this year by accounting for 9% CEO: Patrick Shutt CEO: Harry Carr of the winning companies. Two of the top 20—Pivotal Corp. and Stratos Global Corp.—are Canadian. This list was compiled from submitted nominations only. www.fast500.com 3 2000 DELOITTE & TOUCHE TECHNOLOGY FAST 500 TOP FIVE www.primustel.com Headquarters: McLean, VA Five-Year Revenue Growth: 71,257% Paul K. Singh, Chairman & Chief Executive Officer one PRIMUS TELECOMMUNICATIONS GROUP, INC. How do you grow by more that 70,000% in five years? Primus Telecommunications (NASDAQ: PRTL) made that leap by antici- pating opportunities and being ready before those opportunities came knocking. In 1995, Primus was reselling voice long-distance services. Eighteen months later, Primus had its own global telecommunications network in place to carry its customers’ traffic. "Next, our goal was to become a $1 billion-plus company by 2002," recalled CEO Paul Singh. "We achieved that goal in 1999." Primus saw gold in the deregulating telecommunications markets and quickly established operating units in targeted regions throughout the world. With its operating units and network in place, Primus entered the ISP market. Now comes the latest Primus goal: to become a $10 billion Internet/data company. Last year the company introduced its iPrimus global initiative to build on its existing ISP business and network infrastructure. As part of that effort, Primus also offers Web host- ing and application service provider (ASP) services, content distribution and streaming media, and ATM+IP-managed bandwidth via Primus’s own network. How will Primus pull this off? As it did five years ago, Primus’ solid foundation should serve it well. "We’ve already invested a lot of money to build a solid infrastructure on a global basis," said Singh. "Now it’s a matter of leveraging existing customers and existing distribution and sales channels." www.euronetworldwide.com Headquarters: Leawood, KS Five-Year Revenue Growth: 66,790% Michael J. Brown, Chairman & Chief Executive Officer EURONET WORLDWIDE INC. two Euronet Worldwide Inc. (NASDAQ: EEFT) may be headquartered in America’s heartland, but, according to CEO Michael Brown, "Our heart and soul grew up in Europe." That’s where Euronet’s network of automated teller machines (ATMs) reside, and it’s where Brown expects the company’s new wireless banking technology to take off. Euronet provides banks and retailers with an infrastructure for connectivity and financial transaction processing. Euronet’s ATM network is the largest in Europe and more than half of its 450 employees are based there. Now Euronet is leverag- ing that strong presence overseas to conquer the wireless mobile commerce market. According to Brown, "With our new products, the service providers can connect to the banks and allow customers to use a mobile phone to conduct the same banking transactions that they conduct at an ATM." Europeans are ahead of the U.S. in adopting mobile phone technolo- gy. There are already 250 million GSM mobile phones outside the U.S. compared to about 84 million in the U.S. To what does Brown attribute Euronet’s skyrocketing revenue growth? "We’re a leader in this industry which is growing tremendously year after year," he said, adding that the key to Euronet’s ongoing success is its European roots. "Euronet was founded in Hungary. Understanding this market has given us the knowledge to grow our business in other markets in Europe and around the world." www.247media.com Headquarters: New York, NY Five-Year Revenue Growth: 59,118% David Moore, Chief Executive Officer & Co-Founder three 24/7 MEDIA If the Web is becoming an advertising-driven medium, then 24/7 Media (NASDAQ: TFSM) is one of the engines behind that drive. 24/7’s servers deliver everything from banner ads to advertiser-sponsored content to more than 4,000 Web sites globally. The company also boasts the world’s largest permission-based e-mail database for delivering banner and e-mail ad campaigns. Established in 1995, the company has acquired its way to a leadership role in Web-based interactive marketing. "In order to grow even faster than the Web was growing, we felt that we’d have to continue to do research and find the right acquisitions.